Back to episode — Episode 3006 CWSA 11/01/25
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o we? I'm going to say you could have asked me how that would have gone and I could have saved you a lot of time and money. Here's a weird thing. Exxon and Chevron are both boosting oil output or gas I guess from the oil. No, oil. What is it? Financial Times is reporting that the two biggest US oil majors are going to increase production in the third quarter. Now, if you're following the oil busi…
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But how do you explain that there seems to be a worldwide glut or increase in the supply of oil and it's not much changing the price? What does that mean? It's not because the demand is suddenly matching the supply. There's just more oil than there used to be. Shouldn't the price go down? Is this telling us that there is some kind of monopoly at work and the oil companies are all in on it? Or not monopoly, it'd be well, if it's just two companies, it'd be oligopoly. But is this telling us that there's something going on that makes them immune to price reductions independent of supply?
Because wouldn't the very best thing for the oil companies be that as much oil as they pump, they can sell for any price that they want? How in the world does more oil equal no change in price? Because that's what's happening. How does that happen? There's something going on here, right? I don't even know enough to ask the right question, but there's no natural way that a massive increase in oil has no impact on price unless something's going on.
Anyway, so Elon Musk was doing a lot of publicity, I guess you could say it. He wouldn't call it that. He probably call it being on podcasts, including the Joe Rogan show for three hours. And if you think he didn't make any news in three hours on the Joe Rogan show, you'd be wrong because he makes news when he's on that show.
And I'll just in no particular order, do you remember my prediction about cell phones that in the AI world there would be no apps and that the phone itself would be just a dumb screen? Do you all remember me? I've been saying that for several years, I guess, that the obvious future is that the phone becomes whatever you need it to become at the moment you need it to become it. So you wouldn't even necessarily, I mean, you would have your own device just for convenience, but you wouldn't even need your own device. In theory, I could reach over on the table and pick up your phone, hold it to my face, and it becomes my phone, and it gives me any feature I want without any app being involved at all. It just goes AI the whole way.
That is what Elon Musk says is the future. He says, "I'm not working on a phone." But the trick is it wouldn't be called a phone. He doesn't say he's not working on the other thing. The other thing would be what do you call it? You'll have an AI on the server side communicating with the AI on your device. Sort of the technical way of saying that your device is just an AI-driven device and he says formerly known as a phone. So he might be working on one of these devices. He didn't say he wasn't. He didn't say he was, but he didn't say he wasn't. He's just saying it wouldn't be a phone.
So do I get the credit for the prediction? Probably five years ago, I said that. Yeah, it's obvious it's going to go that way. So Elon says there won't be an operating system or apps in the future. It'll just be a device that's the screen and audio for the screen and audio and to put as much AI on the device as possible. That's exactly 100% what I predicted.
More news from Elon. You've heard, I think I've told you about even Jeff Bezos said that space might be an ideal atmosphere for a data center. Well, you could put a data center in space or apparently you can just send some software up to your vast array of Starlink satellites and they would form a virtual data cent
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er in the sky and you would get the benefits of being outside the gravity and all that and Elon could just sort of turn it on, the things that he has considered and therefore engineered just in case they want to do it later. So it's just mind-boggling how many things he can imagine in the future so that when he's building something now he doesn't preclude them. So one of the things he did not pre…
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